Governmental and Nonprofit Accounting (11th Edition)
Governmental and Nonprofit Accounting (11th Edition)
11th Edition
ISBN: 9780133799569
Author: Robert J. Freeman, Craig D. Shoulders, Dwayne N. McSwain, Robert B. Scott
Publisher: PEARSON
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Chapter 7, Problem 2.4E

Bonds are sold to finance the construction of a new public safety station. Bond proceeds equal to the face value of the bonds are reported in a Capital Projects Fund as

  1. a. a deferred inflow of resources.
  2. b. an other financing source.
  3. c. an other financing use.
  4. d. a revenue.
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Governmental and Nonprofit Accounting (11th Edition)

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